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  1. ATO urged to postpone tax determination on NALI and CGT

    Treasury.” The industry associations also warned that the proposed calculation method outlined in the tax determination may lead to unfair tax outcomes for super funds. “We recognise that the results of the calculations in the draft TD arise because of...

  2. EY acquires design and product development firm

    and digital solutions consulting firm Future Friendly Team Pty Ltd. Future Friendly will join the EY Australia team to lead a new business transformation offering, with Future Friendly co-founders Nick Gower and Jon Christensen joining the EY Australia...

  3. AFSA sharpens teeth as personal insolvency numbers rise

    for about one year and is only available once. Any future bankruptcies will be administered as normal.” “Taking the NAP’s lead could allow debtors and creditors to swiftly return to their focus of more productive economic outcomes.” Simplification for...

  4. NSW, Victoria prescribe GP payroll tax without amnesty sweetener

    across the states which increases the risk. “Whatever the next steps are for practices, we are concerned this may ultimately lead to an increased cost of healthcare in Australia as practices deal with the impact of increased payroll tax.”

  5. First-ever Women in Finance Summit launches

    Momentum Media is proud to launch its inaugural Women in Finance Summit, aimed at supporting and connecting leading women in the financial services space. Run with the support of principal partner Mortgage Choice (part of REA Group), the Women in...

  6. Conflicts of interest, workloads put accountants in ethics spotlight

    They said common missteps included failure to identify an ethical issue or realise that a particular action might lead to a breach of the accounting ethical code, known as APES 110. “Issues around conflicts of interest is a big one, how to deal with...

  7. Crypto Tax: 5 Crucial Areas to Educate Your Clients On

    believe that unless they convert cryptocurrency back into fiat currency, it's not a taxable event. This misconception can lead to unexpected tax obligations. Guidance: Make it clear to your clients that trading one cryptocurrency for another (e.g.,...

    • Type: Article
    • Author: Crypto Tax Calculator
    • Category: Tax

  8. Grant Thornton bolsters tax group with 2 partners

    GST technical and legal knowledge coupled with his compliance and governance skills mean he is now a recognised GST thought leader in Australia,” she said. “Troy is a valuable addition to our data transformation and analytics team with a focus on client...

  9. Late payments drive business adoption of e-invoicing

    found, with 50 per cent of businesses saying they were a “serious threat” to survival. The survey, of over 1,000 business leaders, showed businesses were also accelerating their take-up of e-invoicing and other digital products to improve...

  10. 1 in 3 suffer financial stress, cut spending across the board

    who renegotiated bills other than their mortgage, with 21.5 per cent of people saying they did so in the 12-month lead up to the August 2023 survey compared to 14.0 per cent for the January 2021 survey,” it said. “There were also large increases in the...

  11. Regional NSW accounting giant Boyce celebrates half-century

    McDonald said the firm was a “classic regional returner”. “Mick Boyce established the company in Sydney but unexpected paths lead to undiscovered treasures, and Boyce soon moved to Cooma and its stunning Snowy Mountains backdrop,” she said. “By the end...

  12. Qld retreats from payroll tax on medical centre GPs

    confirm critical details next week. “The Queensland approach to this issue, although somewhat clunky, has still been nation-leading,” he said. “The Queensland State Government was the first to issue a ruling in relation to this issue in an attempt to...

  13. Victorian ‘Airbnb tax’ misjudges landlords, experts say

    They said the levy might make operating short-term rentals more expensive for landlords, but it would not necessarily lead to marked increases in the rental market. The levy was part of the government’s Housing Statement, unveiled on Wednesday, which...

  14. Shoppers OK with theft as cost of living bites

    found one-third of respondents said return fraud was justifiable, such as lying about the reasons for returning a product. Lead researcher Stephanie Atto from the Australian Consumer and Retail Studies group, which produced the Cost of Living and...

  15. Sweeping reforms to streamline access to finance 

    registrations.” “The relative cost for a small business of getting a registration wrong can also be significant, as it could lead to the loss of what might be a substantial part of its asset pool if a customer becomes insolvent.” The review made 394...

  16. Qld uni adds company turnaround course for finance students

    practices of the turnaround industry, are thoroughly enjoyed by our graduates,” he said. “Vantage Performance aims to lead the charge in its support of upskilling the next generation of business professionals to ensure they are graduate job ready.” The...

  17. Revenue to slump 12% in gloomy outlook for retailers

    business crisis”. “Retailers will be concentrating on offering the best service and value for budget-driven shoppers as they lead into the all-important Christmas trading period.”

  18. Voice can enhance accounting profession, talent pool: CA ANZ

    perspectives would be considered in all policies. Listening to those in an entrenched position of disadvantage would likely lead to better outcomes, he said. CA ANZ moderator Gillian Bowen said only 0.5 per cent of the body’s 80,000 members identified...

  19. ‘Covid changed merger dynamics, tech has become a wildcard’

    And people are going, ‘I don't have to be the general. I'm happy to hitch my wagon to a bigger bus, so that not all roads lead to me’.” The attitude of sole practitioners had changed and they were now happy to trade some independence for an improved...

  20. Carbon acquires fourth Victoria office with bookkeeping takeover

    progression.” The Carbon Group said its bookkeeping and CFO services partners Allison Gardiner and Kate Kapovic would lead the partnership and were optimistic about its prospects. “We have seen a lot of growth in the Victorian bookkeeping and CFO...

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